We're sharing here the details of explosive new research on "the untold history of how prominent civil servants in the UK tailored US-devised anti-money laundering policies in ways that suited the needs of Britain’s financial services industry." This new research was carried out by our senior … [Read more...]
Secrecy
Slander and failed advertising campaigns: how tax haven officials responded to the Financial Secrecy Index 2020
This year’s edition of the Financial Secrecy Index 2020 – our biennial ranking of the world’s biggest supplies of financial secrecy – has received more news coverage and global support than any previous editions of the index. With over 700 news articles and broadcast pieces published on the index in … [Read more...]
Malta, murder and the finance curse: a podcast recommendation
This four-part podcast special series is well worth a listen. It's called My Mother's Murder, an investigation into the assassination of Daphne Caruana Galizia. It is narrated by one of her sons Paul Caruana Galizia. Here's part of the description of the podcast series: Daphne investigated … [Read more...]
Edition 13 of the Tax Justice Network’s Francophone podcast: édition 13 de podcast Francophone par Tax Justice Network
We’re pleased to share the 13th edition of Tax Justice Network’s monthly podcast/radio show for francophone Africa by finance journalist Idriss Linge in Cameroon covering the Financial Secrecy Index 2020 results. Nous sommes fiers de partager avec vous cette nouvelle émission de radio/podcast du … [Read more...]
Tax Justice February 2020 Portuguese podcast #10: Ilhas Cayman é o pior ofensor global, mostra Índice de Sigilo Financeiro 2020
O Índice de Sigilo Financeiro 2020 da Tax Justice Network é o tema da décima edição do podcast É da sua conta. O indicador aponta as Ilhas Cayman, Estados Unidos e Suíça como os piores ofensores globais. Além disso, mostra que a maior parte das práticas que facilitam a corrupção, a lavagem de … [Read more...]
Financial Secrecy Index: who are the world’s worst offenders? The Tax Justice Network podcast special, February 2020
In this special extended Taxcast, Naomi Fowler takes you on a whistle-stop guided tour on an express train around the world with some of the Tax Justice Network team, looking at the worst offenders selling secrecy services according to the latest Financial Secrecy Index results What can nations can … [Read more...]
Job vacancy: Researcher, Francophone Africa
The Tax Justice Network is recruiting a Francophone Africa researcher, who will form part of our core research team for the Financial Secrecy Index and the Corporate Tax Haven Index, and will work on our Financial Secrecy and Tax Advocacy in Africa (FASTA) project, funded by Norad. Read more here. … [Read more...]
Isle of Man: an awareness-raising swim and reflections on tax havenry
The Isle of Man is part of the UK's network of satellite havens and secrecy jurisdictions, ranked number 17 in the 2019 Corporate Tax Haven Index and number 42 in the Financial Secrecy Index in 2018 by the Tax Justice Network. We identify the UK as "bearing the lion’s share of responsibility through … [Read more...]
More beneficial ownership loopholes to plug: circular ownership, fragmented control and companies as parties to the trust
Beneficial ownership transparency has been defined as a key tool to tackle tax abuse, money laundering, corruption and the financing of terrorism among other illicit financial flows. It involves identifying the individuals (“beneficial owners”) who ultimately own, control or benefit from companies, … [Read more...]
US half-shuts door to financial secrecy, opens new window
The US is the world’s second greatest contributor to global financial secrecy, according to the Tax Justice Network’s Financial Secrecy Index, only faring better than Switzerland in complicity in enabling financial secrecy schemes that foster tax abuse, money laundering and the financing of … [Read more...]
Canada invests in whistleblower awards, and reaps the rewards
In some countries there's been controversy over whether or not whistleblowers should be compensated financially. That's not the case, however, in the United States, in Korea and in other countries where they recognise that the State benefits by recovering funds due to it on behalf of its citizens … [Read more...]
Whistleblower Rudolf Elmer: legal opinion on latest ruling
We’ve written many times about Swiss whistleblower Rudolf Elmer’s long legal battles against Swiss banking secrecy here, here, here here and here. He’s endured 48 prosecutorial interrogations, 6 months in solitary confinement and 70 court rulings. Of one thing you can be sure – if the Swiss bank … [Read more...]
Global Asset Registry workshop – 1-2 July, Paris: submit your paper
The Global Asset Registry workshop in Paris on July 1st and 2nd, 2019 is by invitation only. We will of course share the fruits of the workshop as we develop them further, but for now participation during Day 1 is open to anyone whose paper has been accepted. You can submit your proposal and … [Read more...]
The use of banking information to tackle corruption and money laundering: a low-hanging fruit the OECD refuses to harvest
Imagine that the OECD set up a global system of rules for exchanging apples across borders, so that everyone can enjoy apples of different tastes. Apple eaters were delighted. But then someone asked if the apples could be used to make apple juice. “Stop!” the OECD said. “The apples are only … [Read more...]
Rising inequality and dysfunction in the tax haven of Jersey: a Taxcast special edition
In this special extended edition of the April 2019 Taxcast, broadcast from the tax haven of Jersey: we explore Jersey's poor showing in the OECD's Better Life Index and ask why Jersey's spending so much money on improving its bad image instead of setting up public registers of beneficial … [Read more...]
